News Topical, Digital Desk : Suzlon Share Price: Suzlon Energy Ltd. shares remained under pressure on Tuesday, December 2, declining for the fourth consecutive session. Despite this continued decline, the stock has not yet reached the oversold zone. The company's Relative Strength Index (RSI) is at 37, while a level below 30 is considered oversold. Suzlon shares have fallen by more than 25 percent in the past six months, raising questions among investors about whether this is the right time to buy.
Suzlon Energy Results The company's second quarter results were better than expected. The company's net profit increased from Rs 200 crore last year to Rs 1,278 crore, which includes a tax write-back of Rs 718 crore. Even after tax adjustment, profit was more than 100 percent compared to last year. Suzlon's revenue increased by 84 percent to Rs 3,870 crore, which was Rs 2,103 crore last year. EBITDA stood at ₹720 crore, a 2.5-fold increase from ₹293.4 crore last year. EBITDA margin also increased from 14% to 18.6%, a 460 basis point increase.
Eight out of nine analysts gave a 'Buy' rating. Of the nine analysts covering the company, eight have a Buy rating, while one has a Hold recommendation. Suzlon Energy shares are currently trading 0.47% lower at ₹53.47, and have seen an 18% decline so far in 2025.
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